Swiss investment manager LGT launches new European CLO platform
The alternative investments management arm of the LGT Group has unveiled a new CLO business, the latest addition to the European CLO management space  

Tariffs will push up default rates for several years, say agencies and managers
After an uptick in leveraged loan defaults culled weaker credits in 2024, many expected default rates to fall in 2025. But the uncertainty stemming from the Trump administration’s tariffs means those assumptions are now under threat

News in brief
Blackstone plays offense amid volatility

PGIM issues new European CLO via HSBC
The deal is the manager's second new European print of 2025, and its third Euro transaction for the year to date

European CLO resets expected to continue throughout 2025 – Fitch Ratings
A report from the ratings agency indicates as many as 80 European CLOs from 2022 and after could be viable reset candidates this year 

Blackstone prices Euro market’s first reset in a month
The deal is the first European repricing since Sculptor European CLO IV was reset on 3 April

Clearlake launches Clearlake Credit to chase private and public credit investments
The new platform will integrate the newly acquired MV Credit and WhiteStar Asset Management

DWS axes Euro CLO management plans due to market volatility, shift in focus to private credit
The move comes amidst the departure of its head of European alternative credit, Dan Robinson

European CLO market value metrics slip as Trump tariffs roil leveraged loans – Deutsche Bank
CLO market value metrics declined as leveraged loan prices dropped; CLO credit metrics were a different story

Latham & Watkins hires two marquee structured finance lawyers
The law firm has recruited A&O Shearman veterans Franz Ranero and James Smallwood    

Wild volatility drives spike in secondary market activity, as primary market hits the brakes in Europe
EU ABS weekly digest: primary ABS and CLO markets hit the brakes, while the secondary markets saw a flurry of BWICs hit the screens in Europe

Trump's tariff U-turn sparks cautious tightening in secondary
ANALYSIS: European CLO market saw little forced selling, more BWIC activity with some percentage of DNTs

BWICs dominate CLO, ABS secondary activity as primary quietens
EXCLUSIVE: A flurry of BWICs hit screens this week, offering both CLOs and ABS, though some did not trade in Europe

Fair Oaks adds US dollar-hedged share class to Euro CLO ETF
Trading began on Monday, with a denomination size of USD 10

Trinitas prices new Euro issue with triple As at 124
The new issue priced on Monday, with deal activity expected to slow imminently

Dechert adds Paul Hastings partner to bolster private credit, CLO biz
Brian Whaley will bring his experience in private credit, securitization and structured products to the global finance group

Palmer Square refinances 2024 static Euro CLO
The deal is the first of last year’s vintage to undergo a repricing, according to Creditflux data

Spire resets Euro CLO 18 months after initial pricing
The European manager has repriced Aurium CLO XI, a 2023-vintage deal, at the earliest opportunity

AlbaCore prices seventh CLO
The print comes 13 months after the manager’s last new issue

Pemberton picks up pace as it markets third-ever European CLO
Indigo Credit Management III is expected to price in early April

HPS undertakes second reset and renaming of 2017-vintage Euro CLO
The deal takes the manager’s total European issuance for the year to over EUR 1.2bn

Refresco halts repricing and add-on transaction as market sentiment sours
Pulls deal from syndication as recent market volatility has made the repricing difficult to execute

Napier Park loses CLO portfolio manager to established European rival
EXCLUSIVE: The CLO market has seen a number of portfolio managers changing seats in Europe